USD/CAD looks bullish medium term – Westpac

By FXStreet FXStreet (Edinburgh) – Richard Franulovich, Strategist at Westpac, still sees the outlook on USD/CAD as bullish.

Key Quotes

“With a soft USD backdrop likely to extend into year’s end as Fed liftoff is pushed into 2016 and news out of China incrementally turning less bad, we stick with a more constructive stance on CAD near term, targeting 1.27- 1.28”.

“However, we maintain a bullish medium term bias on USD/CAD giving the ongoing structural issues, both supply and demand, that are likely to suppress energy prices for sometime yet”,
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Source:: FX Street